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H.R. 1089

Monetary Metals Tax Neutrality Act of 2019

Monetary Metals Tax Neutrality Act of 2019

This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.

Referred to the House Committee on Ways and Means.

Rep. Mooney, Alexander X. [R-WV-2](R-WV)Sponsor
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  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Monetary Metals Tax Neutrality Act of 2019 — Informed